AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Shares Shorted: Short Interest Up 3,531.7% in October

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 5,266 shares, a growth of 3,531.7% from the October 15th total of 145 shares. Based on an average daily volume of 21,469 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On AB Tax-Aware Long Municipal ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC bought a new position in AB Tax-Aware Long Municipal ETF in the 3rd quarter valued at about $11,077,000. Commonwealth Equity Services LLC acquired a new position in shares of AB Tax-Aware Long Municipal ETF during the third quarter worth $1,787,000. Tortoise Investment Management LLC acquired a new position in AB Tax-Aware Long Municipal ETF in the 3rd quarter worth about $620,000. Envestnet Asset Management Inc. raised its holdings in AB Tax-Aware Long Municipal ETF by 30.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 93,872 shares of the company’s stock valued at $2,378,000 after buying an additional 21,829 shares during the last quarter. Finally, Harbour Investments Inc. acquired a new position in shares of AB Tax-Aware Long Municipal ETF during the third quarter worth $72,000.

AB Tax-Aware Long Municipal ETF Price Performance

Shares of NYSEARCA:TAFL traded down $0.05 on Tuesday, hitting $24.27. The company had a trading volume of 5,396 shares, compared to its average volume of 18,386. The stock has a 50 day moving average price of $23.83 and a 200 day moving average price of $24.71. AB Tax-Aware Long Municipal ETF has a 1-year low of $23.04 and a 1-year high of $25.55.

About AB Tax-Aware Long Municipal ETF

The AB Tax-Aware Long Municipal ETF (TAFL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that primarily invests in investment grade municipal bonds from the US. The fund seeks to maintain an effective duration of 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.